prajakta26 - Member Since: Oct 2008 Subject - payment of bonus
TO,
ALL MEMBERS ,
As per Payment of Bonus Act , The defination of Employee" means any person (other than an apprentice) employed on a salary or wage not exceeding [(Note: Subs. by Act No.67 of 1985, Sec.2, for the words "one thousand and six hundred rupees" (w.e.f. 7th November, (1985)) two thousand and five hundred rupees] per mensem in any industry to do any skilled or unskilled manual, supervisory, managerial, administrative, technical or clerical work for hire or reward, whether the terms of employment be express or implied; Now this limit is revised up to 3500/- ,
In our co. All employees are drawing salary above Rs. 3500/- so whethere they are entitled for the bonus or not ?
regards,
prajakta
malikjsContributing Member - Member Since: Oct 2008 Subject - Re: payment of bonus
dear
this limit is revised to ten thousand rupees with effect from financial year2006-07 onwards.
it means any employee getting basic+vda less than 10000 per month is entitle to get bonusbut calculation will be done on Rs3500/-
tks
j s malik
jitendersyadavContributing Member - Member Since: Sep 2008 Subject - Re: payment of bonus
Malik is right.
Rgds/Jitender
pramodContributing Member - Member Since: Oct 2008 Subject - Re: payment of bonus
Dear Friend
Bonus should should be paid within 30th November.
Regards
Pramod
sumitsaxenagist - Member Since: Oct 2008 Subject - Re: payment of bonus
Pramod is right. The bonus is a statutory liability and must be paid within the specified tie lines.
prajakta26 - Member Since: Oct 2008 Subject - Re: payment of bonus
THANX
REGARDS,
PRAJAKTA
moroliya - Member Since: Oct 2008 Subject - payment of bonus
As`per PAYMENT OF BONUS ACT ,Bonus is a statutory liability and it should be paid with in eight month of close of financial year
ALOK MOROLIYA
pramodContributing Member - Member Since: Oct 2008 Subject - payment of bonus
Dear Moroliya Sir
How r u ?
have you received your dues from a PF trust , which you had posted in couple of month before.
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